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Prospect News home > News index > List of issuers P > Headlines for Progressive Corp. > News item
Published on 8/22/2016 in the Prospect News Investment Grade Daily.

Progressive set to sell $500 million of notes via two bookrunners

By Cristal Cody

Eureka Springs, Ark., Aug. 22 – Progressive Corp. intends to price $500 million of senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are the bookrunners.

Proceeds will be used for general corporate purposes.

Progressive is an insurance company based in Mayfield Village, Ohio.


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